$2,300,000
Toronto
783 Danforth Avenue, Toronto (Blake-Jones), Ontario, M4J1L2
This retail property in Toronto is for sale offering roughly 4,087 sq ft of space. It has been on the market 23 days, fresher than the Toronto average of 68 days.
Exceptional 6.3 CAP turn-key mixed-use investment opportunity in the heart of Toronto's vibrant Danforth corridor! 783 Danforth Avenue offers an impressive combination of commercial and residential income with six distinct income-producing components.The property features an established long term main-floor restaurant, lower-level retail space and four spacious two-bedroom apartments across the upper two levels. Three of the four apartments have been renovated, providing attractive, updated living spaces with strong rental appeal. All units are separately hydro metered, helping reduce landlord expenses and simplify management.Ideally positioned on a high-visibility stretch of Danforth Avenue with strong pedestrian and vehicular traffic, the property benefits from excellent transit access and is surrounded by established restaurants, shops, services and neighbourhood amenities.An outstanding opportunity for investors seeking diversified income from both commercial and residential tenancies, with the added potential to further enhance revenue and long-term value. A compelling addition to any real estate portfolio in one of Toronto's most established mixed-use corridors. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 23 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Toronto (Blake-Jones) has been listed for 23 days, which is 45 days fresher than the city average of 68. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,300,000, about 24.7× the local median household income of $93,000.
Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 383% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4J)
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